China Fishery Casts Line in Peru

Feb 27, 2013

China Fishery Group has made a $556m offer for the shares of Peruvian fishmeal and fish oil exporter Copeinca, paying a premium in a deal that would make it the strongest player in the country’s consolidating fish sector. The unit of Pacific Andes International Holdings is offering NOK53.85 ($9.44) per share for the Oslo and Lima-listed Copeinca, Peru’s second-largest fishery. The offer...